KALA Network, a Web3 SocialFi Platform has announced its collaboration with the lending & Leveraged Trading and Financial Identity, Soda Protocol.

Partnership Highlights

Their strategic partnership will serve as a huge boost to help expose their Web3 solution to the community through cross-marketing campaigns.

The KALA team has a strong belief that Soda Protocol assistance and cooperation will be crucial for KALA SocialFi platform adoption.

Soda Protocol is the Financial Portal of Web 3.0 and it consists of three main parts:

SodaFi

• A DeFi platform provides services including lending, leveraged trading and under-collateralized loan for the ecosystem. While, Raydium and Orca power Soda Lending powers the leverage part and the swap process. Moreover, they can make the price impact as low as possible by reusing their relatively sufficient liquidity in the market.

Soda Maze

• Provides users with privacy protection through ZK-SNARK, which allows for anonymous withdrawals.

Soda ID

• Above all, a DID service platform where you can fully own your financial identity based on on-chain and off-chain data.

About KALA Network

KALA Network is a Web3 SocialFi Platform that allows users to earn by socializing with their friends, creating content & building community as Investment DAO run by their own minted NFTS.

They position KALA as one of the leading SocialFi Web3 heading for sustainable business and distributing fair earnings to the users via their contribution to the Social Platform.

They have their own PENCIL/PEN NFTs Collectibles with a limited supply for OG supporters to appreciate and reward them.

Website | Twitter

About SODA

Create permissionless financial identity and provide financial services including lending and leveraged trading for Web 3.0.

Website | Twitter

SOURCE

https://blog.kala.network/announcing-kala-network-collaboration-with-soda-protocol/

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Partnership HighLights

Solanax and SODA partnership will work together to build a more prosperous Solana ecosystem.

To begin with, SOLANAX is a decentralized and non-custodial automated liquidity mechanism supporting trades within the Solana ecosystem. Indeed, it does not have an order book. Because they remove all intermediaries, complexity, and time-consuming procedures from the equation, giving users the freedom to trade without fear of censorship or losing ownership of their assets.

Users have complete control.

• Next-level liquidity.
• Friction-less yield.
• Light-speed swaps.
• DeFi that is faster, cheaper, and more powerful.

Purpose  Of Solanax

Moreover, the vision of SOLANAX is nothing less ambitious than becoming the UniSwap – a unicorn of the Solana network. Since, SOLANAX seeks to obviate the need for centralized middlemen, paving the way for entirely decentralized, censorship-resistant, and secure trading on the Solana ecosystem.

However, SOLANAX users will be able to effortlessly execute smart contract-based trades instantly and only at a fraction of the cost of the Ethereum network. Launch SOLANAX – open-source liquidity and DeFi protocol that the Solana community can quickly adopt and reuse for future projects.

Overview of SODA

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